Shubhabrata Das

Document Type

Working Paper

Abstract

In this paper actuarial justification is explored in details for equal or unequal sharing of premiums and benefits between policyholders in a product involving joint lives. The analysis reveals a fundamental difference between endowment and assurance type of products in this regard. In assurace plans, there is a clear basis for differential strucutre in terms of sharing premium payment that is illustracted with examples.

Publication Date

1-4-2003

Publisher

Indian Institute of Management Bangalore

Relation

IIMB Working Paper-208

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